GBPJPY attempts positively – Analysis – 29-6-2018

The GBPJPY pair succeeded to face the negative pressures and provide a new positive close above the support at 144.30, to notice forming a strong bullish wave by reaching the initial barrier at 145.85 level, to surpass the sideways trading the price needs to provide a positive close above the current barrier, to confirm its readiness to form a bullish attack, to expect reaching 147.20 then 148.50 level in the medium period.

By the above image, we notice that stochastic begun to provide positive momentum by its stability above 50 level, to increase the chance for achieving the required breach and begin recording the mentioned positive targets.

Expected trading range for today is between 144.90 and 147.20

Expected trend for today: Bullish